Common use of Brand Usage Clause in Contracts

Brand Usage. The Adviser conducts its investment advisory business under, and owns all rights to, the trademark “FS/KKR Advisor” and the “FS/KKR Advisor” design (collectively, the “Brand”). In connection with the Company’s (a) public filings; (b) requests for information from state and federal regulators; (c) offering materials and advertising materials; and (d) investor communications, the Company may state in such materials that investment advisory services are being provided by the Adviser to the Company under the terms of this Agreement. The Adviser hereby grants a non-exclusive, non-transferable, non-sublicensable and royalty-free license (the “License”) to the Company for the use of the Brand solely as permitted in the foregoing sentence. Prior to using the Brand in any manner, the Company shall submit all proposed uses to the Adviser for prior written approval solely to the extent the Company’s use of the Brand or any combination or derivation thereof has materially changed from the Company’s use of the Brand previously approved by the Adviser. The Adviser reserves the right to terminate the License immediately upon written notice for any reason, including if the usage is not in compliance with its standards and policies. Notwithstanding the foregoing, the term of the License granted under this Section 21 shall be for the term of this Agreement only, including renewals and extensions, and the right to use the Brand as provided herein shall terminate immediately upon the termination of this Agreement. The Company agrees that the Adviser is the sole owner of the Brand, and any and all goodwill in the Brand arising from the Company’s use shall inure solely to the benefit of the Adviser. Without limiting the foregoing, the License shall have no effect on the Company’s ownership rights of the works within which the Brand shall be used.

Appears in 2 contracts

Samples: Investment Advisory Agreement (Corporate Capital Trust, Inc.), Investment Advisory Agreement (Corporate Capital Trust II)

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Brand Usage. The Adviser Sub-Manager conducts its investment advisory business under, and owns all rights to, and has proprietary interests in the names “Lxxxxx Lxxxxxxxx,” “Lxxxxx Lxxxxxxxx Capital Partners,” and “Lxxxxx Lxxxxxxxx Strategic Capital” as well as the trademark “FS/KKR AdvisorLL” and the “FS/KKR AdvisorLL” design (collectively, the “Brand”). In connection with the Company’s (a) public filings; (b) requests for information from state and federal regulators; (c) offering materials and advertising materials; and (d) investor communicationspress releases, the Company may state in such materials that investment advisory Sub-Manager services are being provided by the Adviser to the Company under the terms of this Agreement. The Adviser Sub-Manager hereby grants a non-exclusive, non-transferable, and non-sublicensable license to the Manager and royalty-free license (the “License”) to the Company for the use of the Brand solely as permitted in the foregoing sentence. Prior The Manager agrees to using control the use of such Brand in any manner, accordance with the Company shall submit all proposed uses to standards and policies as established between the Adviser for prior written approval solely to Manager and the extent the Company’s use of the Brand or any combination or derivation thereof has materially changed from the Company’s use of the Brand previously approved by the AdviserSub-Manager. The Adviser Sub-Manager reserves the right to terminate the License this license immediately upon written notice for any reason, including if the usage is not in compliance with its the standards and policies. Notwithstanding the foregoing, the term of the License license granted under this Section 21 shall be for the term of this Agreement only, including renewals and extensions, and the right to use the Brand as provided herein shall terminate immediately upon the termination of this AgreementAgreement or the relationship between the Manager and the Sub-Manager. The Company agrees and the Manager each agree that the Adviser Sub-Manager is the sole owner of the Brand, and any and all goodwill in the Brand arising from the Company’s use shall inure solely to the benefit of the AdviserSub-Manager. Without limiting the foregoing, the License this license shall have no effect on the Company’s ownership rights of the works within which the Brand shall be used.

Appears in 2 contracts

Samples: Sub Management Agreement (CNL Strategic Capital, LLC), Sub Management Agreement (CNL Strategic Capital, LLC)

Brand Usage. The Adviser conducts its investment advisory business under, and owns all rights to, the trademark “FS/KKR Advisor” and the “FS/KKR Advisor” design (collectively, the “Brand”). In connection with the Company’s (a) public filings; (b) requests for information from state and federal regulators; (c) offering materials and advertising materials; and (d) investor communications, the Company may state in such materials that investment advisory services are being provided by the Adviser to the Company under the terms of this Agreement. The Adviser hereby grants a non-exclusive, non-transferable, non-sublicensable and royalty-free license (the “License”) to the Company for the use of the Brand solely as permitted in the foregoing sentence. Prior to using the Brand in any manner, the Company shall submit all proposed uses to the Adviser for prior written approval solely to the extent the Company’s use of the Brand or any combination or derivation thereof has materially changed from the Company’s use of the Brand previously approved by the Adviser. The Adviser reserves the right to terminate the License immediately upon written notice for any reason, including if the usage is not in compliance with its standards and policies. Notwithstanding the foregoing, the term of the License granted under this Section 21 19 shall be for the term of this Agreement only, including renewals and extensions, and the right to use the Brand as provided herein shall terminate immediately upon the termination of this Agreement. The Company agrees that the Adviser is the sole owner of the Brand, and any and all goodwill in the Brand arising from the Company’s use shall inure solely to the benefit of the Adviser. Without limiting the foregoing, the License shall have no effect on the Company’s ownership rights of the works within which the Brand shall be used.. [Remainder of page left intentionally blank]

Appears in 1 contract

Samples: Investment Advisory Agreement

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Brand Usage. The Adviser Sub-Manager conducts its investment advisory business under, and owns all rights to, and has proprietary interests in the names “Xxxxxx Xxxxxxxxx,” “Xxxxxx Xxxxxxxxx Capital Partners,” and “Xxxxxx Xxxxxxxxx Strategic Capital” as well as the trademark “FS/KKR AdvisorLL” and the “FS/KKR AdvisorLL” design (collectively, the “Brand”). In connection with the Company’s (a) public filings; (b) requests for information from state and federal regulators; (c) offering materials and advertising materials; and (d) investor communicationspress releases, the Company may state in such materials that investment advisory Sub-Manager services are being provided by the Adviser to the Company under the terms of this Agreement. The Adviser Sub-Manager hereby grants a non-exclusive, non-transferable, and non-sublicensable license to the Manager and royalty-free license (the “License”) to the Company for the use of the Brand solely as permitted in the foregoing sentence. Prior The Manager agrees to using control the use of such Brand in any manner, accordance with the Company shall submit all proposed uses to standards and policies as established between the Adviser for prior written approval solely to Manager and the extent the Company’s use of the Brand or any combination or derivation thereof has materially changed from the Company’s use of the Brand previously approved by the AdviserSub-Manager. The Adviser Sub-Manager reserves the right to terminate the License this license immediately upon written notice for any reason, including if the usage is not in compliance with its the standards and policies. Notwithstanding the foregoing, the term of the License license granted under this Section 21 shall be for the term of this Agreement only, including renewals and extensions, and the right to use the Brand as provided herein shall terminate immediately upon the termination of this AgreementAgreement or the relationship between the Manager and the Sub-Manager. The Company agrees and the Manager each agree that the Adviser Sub-Manager is the sole owner of the Brand, and any and all goodwill in the Brand arising from the Company’s use shall inure solely to the benefit of the AdviserSub-Manager. Without limiting the foregoing, the License this license shall have no effect on the Company’s ownership rights of the works within which the Brand shall be used.

Appears in 1 contract

Samples: Sub Management Agreement

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